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Early movers: MS, HAS, HAL, VSLR, PYPL, LMT & more

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Morgan Stanley—The investment bank earned an adjusted 79 cents per share, 5 cents above estimates, with revenue also above forecasts. The results were helped in part by strong growth in trading revenue.

Hasbro—The toymaker reported quarterly profit of 33 cents per share, 4 cents above estimates, with revenue well above consensus despite the impact of the stronger dollar. Hasbro has done particularly well in sales of preschool products and toys aimed at boys.

Halliburton—The oilfield services company beat forecasts by 15 cents with adjusted quarterly profit of 44 cents per share, with revenue exceeding forecasts, as well. Like its peers, Halliburton saw a significant drop in drilling activity compared to a year earlier, but was helped by strength in its international profit margins.

Vivint Solar—The solar equipment maker is being acquired by SunEdison and TerraForm Power for $2.2 billion in cash, SunEdison shares, and SunEdison convertible notes.

Newmont Mining, Goldcorp, Royal Gold—These and other gold stocks are under pressure as the price of gold touches a five-year low.

Cal-Maine Foods—The egg producer missed estimates by 9 cents, reporting quarterly profit of 95 cents per share, and revenue also missed analyst forecasts. The company did not benefit from the jump in egg prices as much as some had thought.

Lockheed Martin—Lockheed is buying Sikorsky Aircraft from United Technologies for $9 billion, though Lockheed said the prices is effectively $7.1 billion after taking tax benefits into account. Lockheed also announced quarterly profit of $2.94 per share, beating estimates of $2.66, with revenue also above forecasts. Lockheed raised its 2015 earnings outlook as well.

PayPal—The payment service begins trading as a separate publicly traded company today following its separation from eBay.

Amazon.com—Cowen upgraded the online retailer to "outperform" from "market perform," saying the company has gained traction in a number of retail markets and that it will be the number one U.S. apparel retailer by 2017.

Yelp—Barclays downgraded the online review site to "equal weight" from "overweight," saying increasing competitive pressures will weigh on growth prospects. Barclays is using the same thesis in a downgrade of online real estate site operator Zillow, which it is downgrading to "underweight" from "equal weight."

Microsoft—Microsoft will buy Israeli cybersecurity company Adallom for $320 million, according to Israeli financial newspaper Calcalist.

Barclays—Barclays has no plans to cut jobs further beyond the 19,000 it announced last year, according to Reuters, with sources playing down prior reports of further reductions.

Boeing—The jet maker is warning air carriers against flying bulk shipments of lithium batteries in its passenger jets, due to the potential fire hazard they pose.

Walt Disney—Disney and its Marvel Studios scored a weekend victory as "Ant-Man" came in number one at the box office with $58 million in North American ticket sales.

Bank of America—Bank of America revealed the results of its mid-cycle stress tests, which show its capital above the regulatory minimums.


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